Page 1009 - Finance News
RBI proposes to regulate peer-to-peer lending sector
It will bring borrower and lender together without the lending or borrowing getting reflected on its balance sheet
 "RBI proposes to regulate peer-to-peer lending sector")
Canara Bank raises Rs 3,000-cr Basel-III compliant bonds
The issue was opened on April 18, 2016 and closed on April 27, 2016
 "Canara Bank raises Rs 3,000-cr Basel-III compliant bonds")
Synchrony Financial to expand offshore operations in Hyderabad
It has no plans to enter the Indian market
 "Synchrony Financial to expand offshore operations in Hyderabad")
Reduce NPAs or be ready to lose out on capital infusion: Govt to banks
Finance ministry asks bank to improve recoveries, which is set to hold significant weightage in capital allocation, The Economic Times reports
 "Reduce NPAs or be ready to lose out on capital infusion: Govt to banks")
CDC eyes debt capital investments in small finance banks
UK-based development finance institution to invest $750 million in 3 years
 "CDC eyes debt capital investments in small finance banks")
YES Bank net up 27% on interest income
Net Interest Margin, a key indicator of bank's profitability, expanded to 3.4% as compared to 3.2% in the quarter ended December
 "YES Bank net up 27% on interest income")
Yes Bank Q4 net profit grows 27% to Rs 702 crore
On the asset quality front, the bank's net NPAs, or bad loans, increased to 0.29% of total advances in the March quarter
 "Yes Bank Q4 net profit grows 27% to Rs 702 crore")
Lakshmi Vilas Bank net profit up 22%
NPA experienced a decline in the fourth quarter of FY16
 "Lakshmi Vilas Bank net profit up 22%")
Yes Bank to raise over Rs 16,500 cr via equity, debt
The bank today reported 27.42% rise in standalone net profit at Rs 702.11 crore for the fourth quarter ended March 2016
 "Yes Bank to raise over Rs 16,500 cr via equity, debt")
BoB to hire realty advisor to monetise properties
The bank owns more than 268 properties having total value of more than Rs 4,800 crore
 "BoB to hire realty advisor to monetise properties")
SC tells govt to set up bad loans panel
Centre, RBI to file replies; matter adjourned to July
DBS Bank launches mobile-only bank
Aims to woo mass-market retail customers; still awaiting nod from RBI on converting to wholly-owned subsidiary
 "DBS Bank launches mobile-only bank")
RBI's Gandhi wants banks to consolidate
He said there are at present times several congruent factors that indicate that consolidation in Indian banking scene has its right time
IDFC Bank earnings decline 32% over the quarter
At present, corporate loans consist 95 per cent of total credit while retail loans are just about 5 per cent
 "IDFC Bank earnings decline 32% over the quarter")
701 bad loan accounts owe PSU banks Rs 1.63 lakh crore
Among PSBs, SBI and IDBI Bank have two such accounts with loan outstanding of Rs 7,510 crore and Rs 2,802 crore
 "701 bad loan accounts owe PSU banks Rs 1.63 lakh crore")
Axis Bank Q4 net dips after 46 quarters
Provisioning jumps 64% for bad loans , whose level expected to stay elevated
 "Axis Bank Q4 net dips after 46 quarters")
SBM Q4 profit down by 23% to Rs 105 crore
Higher provision for bad debts largely to iron and steel industry erodes bottom line
 "SBM Q4 profit down by 23% to Rs 105 crore")
In longer run, Ujjivan might seek permission for reverse merger
The reverse merger, which is necessary to meet regulatory norms, would be that of Ujjivan Financial Services and its banking subsidiary
 "In longer run, Ujjivan might seek permission for reverse merger")
SBT Q4 net profit nosedives to Rs 62 cr
Provisions for bad loans shot up to Rs 520 crore from Rs 90 crore
 "SBT Q4 net profit nosedives to Rs 62 cr")
After RBI push, DCB Bank lowers lending rates
RBI had asked banks to price fixed rate loans of up to three years based on marginal cost of funds from April 1
 "After RBI push, DCB Bank lowers lending rates")